Secret Obama-era permit let Iran convert funds to dollars
After striking an elusive nuclear deal with Iran, the Obama administration found itself in a quandary in early 2016: Iran had been promised access to its long-frozen overseas reserves, including $5.7 billion stuck in an Omani bank./ To spend it, Iran wanted to convert the money into U.S. dollars and then euros, but top U.S. officials had repeatedly promised Congress that Iran would never gain access to America's financial system. Those assurances notwithstanding, the Obama administration secretly issued a license to let Iran sidestep U.S. ...
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